Answer:
B. shifts the individual's budget line rightward because she can now purchase more of both products
Explanation:
When there is an increase in the budget line of a consumer, it means that there is an expansion in this consumers consumption possibilities.
The consumers budget line will then shift rightward or upwards. With this increase the consumer can purchase more of both goods. The outward shift indicates increase.
Therefore the answer to the question is option B.
Answer:
Price elasticity of demand is greater for the Car
Explanation:
Price elasticity of Demand = (Q2 - Q1/Q1) ÷ (P2 - P1/P1)
For the car,
PED = (110 - 100/100) ÷ (10000-9900/10000)
= 0.1 ÷ 0.01
= 10
PED = (110 - 100/100) ÷ (1000-900/1000)
= 0.1 ÷ 0.1
= 1
Since 10 > 1, hence the PED of the Car is greater than that of vacation homes.
An entrepreneur can create a strong business strategy to reduce risk.
Entrepreneurs are the individuals who start new firms, taking on the majority of the risks and reaping the greatest gains. Entrepreneurship is the act of starting a business. The entrepreneur is typically thought of as an inventor who develops original ideas for products, services, businesses, and operational needs.
Creating a business strategy is one of the first actions that entrepreneurs may do to lower the risks associated with a new venture. Before beginning, one must determine how much time and money one will devote to their new venture. Market research should also be conducted. This provides insight into the likelihood that your new venture will succeed or fail.
Read more about entrepreneurs on:
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Answer:
2.49%
Explanation:
The period 't' between 2015 and 1885 is:

The annual rate 'r' at which the original $0.02 value has been compounded over 130 years to reach a value of $0.49 is determined by:
![0.49 = 0.02*(1+r)^{130}\\r=\sqrt[130]{24.5}-1\\ r=0.0249 = 2.49\%](https://tex.z-dn.net/?f=0.49%20%3D%200.02%2A%281%2Br%29%5E%7B130%7D%5C%5Cr%3D%5Csqrt%5B130%5D%7B24.5%7D-1%5C%5C%20r%3D0.0249%20%3D%202.49%5C%25)
The cost of first-class postage has experienced an annual increase of 2.49% over this period.
<span>After identifying a potential buyer, the next step is to connect with them through personalized messaging and advice, further explore their particular needs and tailor the sales process to meet their timeline.</span>